Schramberg, November 20, 2011 - Schweizer Electronic AG (ISIN: DE005156236) today decided to build and operate a production plant for solar cells and modules with up to four 100 MW production lines in Nantong, China, to be managed by their division Energy. The investment volume for building the first production line accounts for 50 to 60 million US Dollar.
The target market for the high efficiency solar modules, which are based on monocrystalline cells, will mainly be Asia Pacific, in particular China.
As a basis for the investment decision Schweizer Energy Pte. Ltd., a daughter company of Schweizer Electronic AG located in Singapore, has reached an according agreement with the responsible development company of the City of Nantong.
For building the first production line Schmid Group, Freudenstadt, will be the strategic technology partner of Schweizer Electronic AG. For many years, Schmid has been Schweizer Electronic AG’s technology partner and is world market leader for turnkey production lines in photovoltaic.
For further information please contact:
Marc Bunz, CFO
Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg / Germany
Telefon: +49 7422 512 - 213
E-mail: marc.bunz@schweizer.ag